He developed this system in the late 1930s and spent thirty years perfecting the technique before releasing to the public in the late 1960s.
Ichimoku Kinko Hyo simply means 'one glance equilibrium chart' with the aim to portray in one look, one can identify where the trend is heading and when is the time to go for long or short, enter or exit the market.
Ichimoku Kinko Hyo has become a popular trading tool in the Asian trading rooms and has been used extensively to trade equities, bonds, currencies, futures and commodities. While Ichimoku Kinko Hyo has enjoyed its popularity in Asia, it is not until 1990s it makes its appearance in the west.
Due to the lack of its literature in English on how to use it, it was not commonly used by the general trading public from the west.
With growing interest in the charting system and more of its literature in English, western traders begin to understand the power of this charting system.
